New Construction Offers a Boost in Home Affordability, but Tariffs May Stall Progress
New homes are offering an affordability edge in today's challenging housing market, according to the Realtor.com® New Construction Quarterly Report. In the first quarter of 2025, the median list price for newly built homes fell slightly year-over-year to $448,393, reducing the price gap with existing homes to its lowest first-quarter level in five years. This, combined with builders building smaller homes, and lower mortgage rates for new home buyers, is making newly built homes a more accessibl